Earnings Outlook For Icahn Enterprises
Portfolio Pulse from Benzinga Insights
Icahn Enterprises (NASDAQ:IEP) is scheduled to release its quarterly earnings report on February 28, 2024, with an estimated EPS of $0.21. The company's past earnings performance shows a pattern of not meeting EPS estimates, leading to varied stock price reactions. Shares are currently trading at $19.15, reflecting a 64.24% decline over the last year. Investors are looking for positive guidance for the next quarter.
February 27, 2024 | 3:00 pm
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Icahn Enterprises is expected to report an EPS of $0.21 for the upcoming quarter. Historical performance shows a trend of not meeting EPS estimates, affecting stock price movements. Currently, shares have significantly declined over the past year.
Given Icahn Enterprises' history of not meeting EPS estimates and the significant decline in share price over the past year, the upcoming earnings report could maintain the current stock price level if it meets or exceeds expectations. However, the company's guidance for the next quarter will likely play a crucial role in short-term stock movement.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100